Consultant Mike Collins, a United States congressman for the state of Georgia, introduced that his congressional marketing campaign is now accepting cryptocurrency donations as of March 5.
Donations will be made in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), USDt (USDT) and others. Collins launched a press release alongside the announcement:
“America has been held again by our reluctance to adapt to rising expertise, whether or not that be AI, machine studying, or various property like crypto. I hope that by introducing this platform, I can destigmatize the crypto trade.”
The lawmaker beforehand disclosed $65,000 in ETH purchases throughout 2024 and a number of altcoin acquisitions, together with as much as $15,000 in Velodrome (VELO), as much as $15,000 in The Graph (GRT), and as much as $115,000 in Aerodrome Finance (AERO).
Extra just lately, Collins disclosed a purchase order of Ski Masks Canine (SKI), a memecoin launched in 2024. The disclosures mark a seismic shift within the political notion of digital property as lawmakers and political candidates more and more settle for marketing campaign contributions denominated in crypto.
Rep. Collins addressing Congress in 2024. Supply: Rep. Mike Collins
Associated: Crypto giving exceeded $1B in 2024 — Report
United States presidential candidates settle for crypto political donations
Robert F. Kennedy Jr turned the first US presidential candidate to simply accept BTC for marketing campaign donations in Could 2023.
Talking on the Bitcoin 2023 convention in Miami, Florida, the previous unbiased candidate known as BTC an asset that promotes freedom, particular person liberty and democracy.
Former Republican presidential hopeful Vivek Ramaswamy adopted swimsuit days after Kennedy and likewise introduced that his marketing campaign would settle for political marketing campaign contributions in BTC.
“Let’s make the 2024 election a referendum on fiat forex,” the previous candidate instructed the viewers at Bitcoin 2023.
In the course of the 2024 US elections, now President Donald Trump introduced his marketing campaign would settle for cryptocurrencies, together with BTC, ETH, DOGE, SOL, USDC (USDC), Shiba Inu (SHIB), and XRP (XRP).
Trump promised to finish the battle on crypto, and following his reelection in November 2024, the US authorities dramatically shifted its posture towards cryptocurrencies.
This regulatory pivot included the Securities and Change Fee ending a number of high-profile lawsuits towards trade corporations and opening dialogue with trade executives.
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